IQ MacKay Shields Municipal Intermediate ETF (MMIT)

NYSEARCA: MMIT · IEX Real-Time Price · USD
24.76
+0.06 (0.22%)
Aug 12, 2022 3:59 PM EDT - Market closed
0.22%
Assets $284.68M
NAV $24.75
Expense Ratio 0.31%
PE Ratio n/a
Shares Out 11.50M
Dividend (ttm) $0.43
Dividend Yield 1.74%
Ex-Dividend Date Aug 1, 2022
1-Year Return -7.96%
Volume 142,480
Open 24.79
Previous Close 24.71
Day's Range 24.71 - 24.79
52-Week Low 23.96
52-Week High 27.00
Beta 0.06
Holdings 434
Inception Date Oct 18, 2017

About MMIT

The fund is an actively managed ETF and thus does not seek to replicate the performance of a specific index. Instead, it uses an active management strategy to meet its investment objective. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus borrowings for investment purposes) in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (Municipal Bonds). It does not intend to invest in Municipal Bonds whose interest is subject to the federal alternative minimum tax.

Asset Class Fixed Income
Region North America
Issuer IndexIQ
Stock Exchange NYSEARCA
Ticker Symbol MMIT
Index Tracked Bloomberg Barclays Municipal 1-15 Year Index

Top 10 Holdings

17.93% of assets
Name Symbol Weight
Dreyfus Tax Exempt Cash n/a 7.54%
ALAMITO PUB FACS CORP TEX MULTIFAMILY HSG REV 3.5% TX ALMMFH 09.01.2025 1.35%
ALAMITO PUB FACS CORP TEX MULTIFAMILY HSG REV 3.5% TX ALMMFH 09.01.2025 1.35%
NEW JERSEY ST HSG & MTG FIN AGY MULTIFAMILY CONDUIT REV 3.5% NJ NJSHSG 07.01.2025 1.35%
SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 5% AL SEEPWR 05.01.2053 1.25%
CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5.25% NE CENPWR 5.25 09.01.2037 1.11%
BLOOMINGTON IND WTRWKS REV 5% IN BLOUTL 5 07.01.2039 1.01%
SOUTHWEST HIGHER ED AUTH INC TEX REV 4% TX SWSHGR 4 10.01.2042 1.00%
ATLANTA GA ARPT PASSENGER FAC CHARGE REV 5% GA ATLAPT 5 07.01.2040 1.00%
KING CNTY WASH SWR REV 1.91% WA KINUTL 01.01.2040 0.98%
View More Holdings

Dividends

Ex-Dividend Amount Pay Date
Aug 1, 2022 $0.045 Aug 5, 2022
Jul 1, 2022 $0.043 Jul 8, 2022
Jun 1, 2022 $0.03592 Jun 7, 2022
May 2, 2022 $0.03745 May 6, 2022
Apr 1, 2022 $0.03561 Apr 7, 2022
Mar 1, 2022 $0.03626 Mar 7, 2022
Full Dividend History

News

The Upheaval in Municipal Bonds Shows No Signs of Slowing

As the municipal bond market absorbs more inflows. assets like the IQ MacKay Municipal Intermediate ETF (MMIT) are worth considering.

Are We Entering a ‘New Golden Decade' for Municipal Bonds?

With higher yields and more stability to offer fixed income investors, municipal bonds are all the rage in the debt market. A pair of active funds to consider are the IQ MacKay Municipal Intermediate ET...

Other symbols: MMIN

Active Muni Bond ETFs Can Help Enhance an Investor’s Portfolio

The coronavirus pandemic triggered widespread market volatility, but it also offered an opportunity for active managers to position in attractively priced areas of the market. Fixed-income investors can...

Other symbols: MMIN

ETF of the Week: IQ MacKay Shields Municipal Intermediate (MMIT)

ETF Trends CEO Tom Lydon discussed the IQ MacKay Shields Municipal Intermediate (MMIT) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. MMIT seeks current income exempt f...

Active Muni ETFs to Better Navigate a Changing Landscape

As bond investors look to the current municipal bond landscape, one may consider targeted exchange traded fund strategies to incorporate munis into a diversified fixed-income portfolio better. In the re...

Other symbols: MMIN

Insights into the Evolving Municipal Bond Market

Municipal bonds offer investors another avenue for income generation beyond the traditional Aggregate Bond Index exposures, providing opportunities to enhance and diversify yields. In the upcoming webca...

Other symbols: MMIN